Thomas Spencer (businessman)

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Thomas Spencer
Photograph of Thomas Spencer wearing flat cap
Born
Skipton, Yorkshire, England
Died
NationalityBritish
CitizenshipBritish
OccupationRetail businessman and company co-founder
Known forCo-founder of retail company, Marks & Spencer
Spouse(s)
Agnes Spencer Whitfield
(m. 1892; his death 1905)
Children1

Thomas Spencer (1852 – 25 July 1905) was an English businessman, known for being the co-founder of Marks & Spencer, a major British retailer.

Early life[edit]

Spencer was born in Skipton, Yorkshire, circa 1852.

Career[edit]

Spencer was a cashier from the wholesale company I.J Dewhirst and in 1884 he joined Michael Marks to form Marks & Spencer. Spencer decided that the £300 required for a half-share in the business would be a good investment.

The running of the business was split between Spencer, who managed the office and warehouse, and Marks, who continued to run the market stalls. Spencer had developed some important contacts while working for Isaac Dewhirst and these allowed him to get the best prices for goods by dealing directly with the manufacturers. Together, Spencer and Marks were able to open stores in Manchester, Birmingham, Liverpool, Middlesbrough, Sheffield, Bristol, Hull, Sunderland and Cardiff.

A new warehouse in Manchester was built in 1897. This store became the centre of a business empire that by then included thirty-six branches. New stores had been built in Bradford, Leicester, Northampton, Preston, and Swansea. London had a total of seven branches.

In 1903, Marks & Spencer became a limited company. Spencer's original £300 investment had grown to a value of £15,000 and he retired later that year.

Personal life[edit]

Thomas Spencer's grave in Whittington, Staffordshire

Spencer met and married Agnes Spencer Whitfield at St Saviour, Cross Green, Leeds in 1892. Whitfield was born in the village of Marton, now a part of Middlesbrough. Together they had a son named Thomas Spencer Jr..

Spencer died in July 1905, in Whittington, Staffordshire. His wife continued to fund charitable work such as the Church of St Agnes in Easterside, Middlesbrough, after his death, and died in 1959, now buried in the graveyard of St Cuthbert's Parish Church in Marton.

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